A bank is an establishment for depositing,
withdrawing or borrowing money.

Banks are businesses. As well as charging for
some of their services, they make their profits by lending money to
their customers at higher rates of interest than they pay on the
money deposited by their customers.

There are different types of bank accounts:
Business Bank Accounts, personal accounts, current accounts, savings or
deposit accounts, online accounts, joint accounts. Different
types of accounts have different benefits and costs.

For personal accounts in credit - that is with
money deposited in the bank - many banks will not charge for many of
their services. This can change if the account goes overdrawn.